Ocean Rig UDW Inc. New (ORIG) Raised to Buy at ValuEngine
ValuEngine upgraded shares of Ocean Rig UDW Inc. New (NASDAQ:ORIG) from a hold rating to a buy rating in a report issued on Thursday.
Other equities analysts also recently issued research reports about the company. Credit Suisse Group began coverage on Ocean Rig UDW Inc. New in a research report on Friday, December 15th. They set an outperform rating on the stock. BidaskClub downgraded Ocean Rig UDW Inc. New from a sell rating to a strong sell rating in a research report on Friday, March 16th. Finally, Deutsche Bank began coverage on Ocean Rig UDW Inc. New in a research report on Tuesday. They set a hold rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $30.00.
Shares of Ocean Rig UDW Inc. New stock traded up $0.49 during mid-day trading on Thursday, reaching $25.85. The company’s stock had a trading volume of 16,056 shares, compared to its average volume of 162,734. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.20. Ocean Rig UDW Inc. New has a 52 week low of $20.22 and a 52 week high of $40.00.
Ocean Rig UDW Inc. New Company Profile
Ocean Rig UDW Inc is a Cyprus-based offshore drilling contractor that provides oilfield services for oil and gas exploration, development and production drilling, and specializes in the ultra-deepwater and harsh-environment segment of the drilling industry. The Company owns and operates approximately 13 offshore ultra deepwater drilling units, comprising of ultra deepwater semisubmersible drilling rigs and ultra deepwater drill-ships.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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